We enable businesses to unlock more currencies and markets through a single, API-enabled connection point and platform, while ensuring they can more efficiently move funds internationally and access an entire correspondent banking and payments network. 

Core solution

By consolidating banking and payment solutions into a single API-enabled access point, Freemarket helps small to medium-sized businesses gain access to a correspondent bank network and better manage global liquidity, FX rates, and real-time prices in a single view and platform. Our platform offers lower costs through its high-volume currency aggregation system and API technology that enables clients to create their own ‘business-to-business payments ecosystem’.

Target market

• Fintech
• PSP
• Banks
• Brokers, crypto FX
• Marketplaces
• SaaS
• Merchants (gaming, travel, high risk)

Contact details 

hello@wearefreemarket.com

T: +44 02033932709

Geographical presence

Europe, UK, Middle East, Africa, India, US, LATAM, APAC

Year founded

2010

License type

API (Authorised Payment Institution)

Service provider type

Payment Gateway

Yes

Main area of focus

International payments and FX for SMEs

Channels - context

Online

Yes - web portal

Payments capabilities

Recurring payments

Yes

Payment methods supported

SWIFT, UKFP, SEPA, CHAPS, BACS 

Settlement currencies

100+ currencies supported

Instant settlement

More information available upon request

Pay-out/Disbursements

Yes

Payments orchestration

Yes

Cryptocurrency payments solution

Yes

Reconciliation and reporting

Yes

B2B payments

Yes

Reporting/dashboards

Consolidated data and reporting dashboard

Yes

Fraud and risk management capabilities

Fraud ratio PSD2/SCA

0.005%

Fraud and risk management partners

Risk Consultancy: FSCom

Financial and compliance capabilities

FX - number of currencies available

Yes, 100+ currencies supported by end of Q2

Virtual IBAN

Yes

Multi currencies virtual IBAN

Yes

Current account/settlement account

Yes

Instant settlement

More information available upon request

Client onboarding (KYC/KYB)

Yes

Clients

Main clients/references

90%+ retention rate with over 300 clients for last six years straight

Awards 

The Sunday Times 100 2022 Britain's Fastest Growing Private Companies #12

Deloitte Fast Tech 50 - #25

FT1000 - #81

Future developments

Growing our banking network to 12 banks

Expanding currency and country coverage: 100+ currencies supported across 200+ countries

Robust crypto offering:  stablecoin to fiat supported

Transactions

Transaction value

GBP 4 billion in transaction volume value processed